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| Topic | Stock Topic 18 |
| red sox 777 01/29/21 10:29:39 PM #30: | CoolCly posted... That doesn't apply too much to the *true visionaries* who got in at super low prices, but most of us that bought above $8 or even closer to $20 need to be very careful. If you bought Gamestop in the $30-100 range you should be a bit cautious, if you bought in the $80-250 range you should be very careful, if you bought above $250 you need to be real fuckin careful because you could end up in real bad shape. Everyone should be careful, unless you've already cashed out a lot. If you are a true visionary and haven't cashed out yet you probably have quite a lot of money at stake in which case you should be even more careful I think. Sure, if it crashes to $20 you still have a big profit....but you forewent a much bigger one. What I'm looking for more than price is volume. Volume paired with a downward movement would be the telltale sign of long stockholders capitulating. If you look at the chart for the last week, it hasn't happened once yet. High volume has been correlated with rises, and low volume with declines. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
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